Former Head of Dallas Federal Reserve Explains Success in a Way That Contradicts the Worldview of Progressives

252

Shares

Email this story to a friend

W. Michael Cox, Ph.D. has certainly had a successful career. He served as the Senior Vice President of the Federal Reserve Bank of Dallas, and is currently the director of the O’Neil Center for Global Markets and Freedom at Southern Methodist University’s esteemed Cox School of Business.

On the Glenn Beck Program Wednesday, Cox made a number of statements that undermine the entire worldview of many progressives.

In a discussion of income inequality, Cox said simply that “most success and failure comes from your choices,” not because the world is unfair or the rich have been robbing the poor.

“The left wants you to believe that all consequences in life are serendipity,” Cox explained. “That way they can say, ‘Well you didn’t build that. Let’s redistribute the income. You shouldn’t take credit for what you’ve done.’”

“The truth is, though,” he continued, “if you look at almost all successful people in this country, they’ve decided to – from the time they were young – play with the right kids, study in school, make good grades, get a job, get a lot of education, be productive at work every day, save their money, start a business, hire people, invest, and they’ve made successive good choices.”

Your future is in your own hands, he argued.

Beck added that in the past, he has sometimes looked at people he believes to be intelligent or hard-working and wondered why they are not more successful in their careers.

But after getting to know them better, Beck said he can usually quickly determine why. It has nothing to do with their worth as a person, but oftentimes they have chosen that they are not willing to sacrifice in other areas to benefit financially at work. Perhaps they want to spend more time at home with their children. Bottom line, he explained, it’s almost always “their choice.”

Your browser does not support iframes.
Your browser does not support iframes.

The full episode of The Glenn Beck Program, along with many other live streaming shows and thousands of hours of on-demand content, is available on just about any digital device. Get it all with a FREE TRIAL.